Financial News
Safaricom PLC has closed a defining six-year chapter under Chief Executive Peter Ndegwa, a period that reshaped the company’s revenue model, tested its resilience through the pandemic, and pushed it into new regional markets. Since April 2020, when Ndegwa became the first Kenyan to lead the telecommunications giant, Safaricom
Safaricom Finance
A50 per cent reduction in fixed broadband installation costs, a full doubling of speeds across existing Home Fibre packages, and a deliberate commercial pivot toward Kenya's low-income urban settlements mark a fundamental shift in how Safaricom is approaching the fibre market — one the company frames not as incremental
News
A sharp rise in mobile-based business collections among small-scale traders has placed Safaricom’s Pochi La Biashara product among the fastest-growing tools within Kenya’s informal payments ecosystem, as more users separate personal and business transactions in response to expanding side-hustle activity across the economy. Safaricom, Kenya’s dominant telecom
News
A pricing shift into Kenya’s entry-level broadband segment has placed Safaricom in direct competition with estate-based internet providers and informal Wi-Fi operators serving high-density settlements, with monthly packages starting at Ksh 800 reshaping access dynamics in lower-income urban markets. Safaricom, Kenya’s largest telecom operator by revenue and subscriber
News
Safaricom PLC has officially entered the money market sector through its subsidiary Ziidi Money Market Fund, now licensed by the Capital Markets Authority (CMA). This development introduces a new investment option that integrates with M-PESA, similar to Safaricom's other unit trust product, Mali, managed by Genghis Capital. The